Solitron Devices posts $1.3M profit in fiscal Q2 2027

Solitron's current expectation is for the next AMRAAM order in fiscal fourth quarter; multi-year agreements require Congressional funding.

Rhea-AI Filing Summary

Solitron Devices, Inc. reported fiscal 2027 second-quarter revenue of $5.657 million, compared with $5.44 million in the first quarter and $3.986 million in the year-earlier quarter; the company attributed the increase to its strong backlog. Net income was $1.298 million, versus a net loss of $234,000 in the year-earlier quarter. For the six months ended August 31, 2026, net sales were $11.093 million and net income was $2.288 million, compared with $6.686 million in sales and a $570,000 net loss a year earlier.

Backlog remained at record levels, reaching $24.11 million at the end of the quarter, compared with $23.34 million at fiscal 2027 first-quarter end. Net income included $200,000 in professional fees recorded in SG&A for an investment banker retained to assist with exploring strategic alternatives. The company expects sales to remain at this level or greater for the rest of fiscal 2027 and currently expects the next AMRAAM order in fiscal fourth quarter. Potential multi-year orders for AMRAAM and Standard Missiles 2, 3 and 6 remain subject to Congressional funding.

Solitron said no actual income taxes were due because it has deferred tax assets related to previous net operating losses.

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Positive

• Moderate pointSecond-quarter revenue was $5.657 million, versus $3.986 million a year earlier.
• Moderate pointSecond-quarter net income was $1.298 million, versus a $234,000 loss a year earlier.

Negative

• None.

Filing Explained

The October 13, 2026 8-K furnishes Solitron’s fiscal 2027 second-quarter results, which the company says are management-prepared and unaudited; it cautions that the figures should not be treated as a substitute for the relevant SEC reports.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Second-quarter net sales: $5.657 million Second-quarter net income: $1.298 million Six-month net sales: $11.093 million +3 more

6 metrics

Second-quarter net sales $5.657 million Three months ended August 31, 2026; compared with $3.986 million in the year-earlier quarter.

Second-quarter net income $1.298 million Three months ended August 31, 2026; compared with a net loss of $234,000 in the year-earlier quarter.

Six-month net sales $11.093 million Six months ended August 31, 2026; compared with $6.686 million in the year-earlier period.

Six-month net income $2.288 million Six months ended August 31, 2026; compared with a net loss of $570,000 in the year-earlier period.

Backlog $24.11 million At the end of fiscal 2027 second quarter; $23.34 million at fiscal 2027 first-quarter end.

Professional fees $200,000 Recorded in SG&A for an investment banker retained to assist with exploring strategic alternatives.

Key Terms

backlog, SG&A, deferred tax assets, contingent consideration expense

4 terms

backlog financial

"Backlog increased from $23.34 million ... to $24.11 million"

A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.

SG&A financial

"$200,000 in professional fees recorded to SG&A"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

deferred tax assets financial

"deferred tax assets related to previous net operating losses"

An item on a company’s balance sheet showing tax benefits it can use later to reduce future tax bills — think of it as an IOU from the tax system for past losses or timing differences. It matters to investors because it can boost future cash flow and apparent value if the company expects profits ahead, but those benefits vanish if the company cannot generate taxable income and the asset must be reduced.

contingent consideration expense financial

"Contingent consideration expense"

Earnings Snapshot

Net sales: $5.657 million · Guidance included

Fiscal 2027 second quarter ended August 31, 2026

Net sales $5.657 million Compared with $3.986 million in the year-earlier quarter.

Net income $1.298 million Compared with a net loss of $234,000 in the year-earlier quarter.

Six-month net sales $11.093 million Compared with $6.686 million in the year-earlier period.

Six-month net income $2.288 million Compared with a net loss of $570,000 in the year-earlier period.

Guidance

The company anticipates sales to continue at this level or greater for the remainder of fiscal 2027 and currently expects the next AMRAAM order in fiscal fourth quarter.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which missile programs could generate multi-year orders for SODI?

Solitron said it was encouraged about the possibility of component orders for AMRAAM and Standard Missiles 2, 3 and 6. RTX and the Pentagon announced multi-year agreements in October for both programs, and both agreements require Congressional funding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/13/2026 - 04:05 PM EDT Accepted by SEC EDGAR 10/13/2026 - 04:05 PM EDT Learn about SEC filing dates

false 0000091668 0000091668 2026-10-13 2026-10-13

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):   October 13, 2026

Solitron Devices, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	001-04978	22-1684144
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

901 Sansburys Way, West Palm Beach, Florida	33411
(Address of Principal Executive Offices)	(Zip Code)

(561) 848-4311

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 2.02. Results of Operations and Financial Condition.

On October 13, 2026, Solitron Devices, Inc. (“Solitron” or the “Company”) issued a press release announcing unaudited fiscal 2027 second quarter results. A copy of the press release is furnished hereto as Exhibit 99.1.

Item 7.01. Regulation FD Disclosure.

The disclosure set forth under Item 2.02 is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release issued by Solitron Devices, Inc.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOLITRON DEVICES, INC.
October 13, 2026	By:	/s/ Tim Eriksen
		Tim Eriksen
		Chief Executive Officer

Exhibit 99.1

SOLITRON DEVICES, INC. ANNOUNCES FISCAL 2027 SECOND QUARTER RESULTS

WEST PALM BEACH, FL – Solitron Devices, Inc. (OTC Pink: SODI) (“Solitron” or the “Company”) is pleased to announce fiscal 2027 second quarter results. 

FISCAL 2027 SECOND QUARTER HIGHLIGHTS –

Net sales increased 42% to approximately $5.66 million in the fiscal 2027 second quarter versus $3.99 million in the fiscal 2026 second quarter.

Net bookings increased 48% to $6.42 million in the fiscal 2027 second quarter versus $4.32 million in the prior year second quarter.

Backlog increased 29% to $24.11 million at the end of the fiscal 2027 second quarter as compared to $18.64 million at the end of the fiscal 2026 second quarter.

Net income was $1.30 million, or $0.60 per share, for the fiscal 2027 second quarter versus net loss of ($.23) million, or ($0.11) per share, for the fiscal 2026 second quarter.

Revenue increased in the fiscal 2027 second quarter to $5.66 million from $5.44 million during the first quarter, due to the Company’s strong backlog. As previously noted in our last press release, we anticipate sales to continue to be at this level or greater for the remainder of the 2027 fiscal year.

In addition, the Company’s backlog continues to remain at record levels. Backlog increased from $23.34 million at the end of fiscal 2027 first quarter to $24.11 million at the end of fiscal 2027 second quarter.

This quarter’s net income was negatively impacted by $200,000 in professional fees recorded to SG&A related to the retention of an investment banker to assist in the company’s exploration of strategic alternatives, as noted in the Company’s fiscal 2027 first quarter press release. Also included in SG&A costs for the fiscal 2027 and 2026 second quarters are $52,000 of intangible amortization.

While the income statement reflects income taxes, no actual income taxes were due as the Company has deferred tax assets related to previous net operating losses.

We continue to be encouraged about the possibility of multi-year orders for components on AMRAAM and Standard Missiles 2, 3 and 6. RTX and the Pentagon announced multi-year agreements in October for both programs. Both agreements require Congressional funding. Our current expectation is for the next AMRAAM order to be received in the fiscal fourth quarter.

		For The Three Months ended				For The Three Months ended				For The Six Months ended				For The Six Months ended
		August 31, 2026				August 31, 2025				August 31, 2026				August 31, 2025
		unaudited				unaudited				unaudited				unaudited
Net sales		$	5,657			$	3,986			$	11,093			$	6,686
Cost of sales			2,909				3,151				5,880				5,461
Gross profit			2,748				835				5,213				1,225
Selling, general and administrative expenses			1,033				1,126				1,963				1,894
Operating income (loss)			1,715				(291	)			3,250				(669	)
Other income (loss)
Interest income			54				42				136				42
Interest expense			(45	)			(66	)			(107	)			(140	)
Dividend income			42				18				67				59
Realized gain (loss) on investments			(80	)			170				(80	)			251
Unrealized gain (loss) on investments			80				(198	)			78				(325	)
Contingent consideration expense			(2	)			-				(333	)			-
Scrap income			-				-				100				-
Miscellaneous income			2				5				2				5
Total other income (loss)			51				(29	)			(137	)			(108	)
Net income (loss) before income tax			1,766				(320	)			3,113				(777	)
Income tax (expense) benefit			(468	)			86				(825	)			207
Net income (loss)		$	1,298			$	(234	)		$	2,288			$	(570	)
Net income (loss) per common share - basic and diluted		$	0.60			$	(0.11	)		$	1.06			$	(0.27	)
Weighted average shares outstanding - basic and diluted			2,152,703				2,084,664				2,152,377				2,083,436

The unaudited financial information disclosed in this press release for the three months ended August 31, 2026, is based on management's review of operations for that period and the information available to the Company as of the date of this press release. The Company's results included herein have been prepared by, and are the responsibility of, the Company's management. The Company's independent auditors have audited the Company's results for the fiscal year ending February 28, 2026. The financial results presented herein should not be considered a substitute for the information filed or to be filed with the SEC in the Company's Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the respective periods once such reports become available.   

About Solitron Devices, Inc. 

Solitron Devices, Inc., a Delaware corporation, designs, develops, manufactures, and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a large variety of bipolar and metal oxide semiconductor (“MOS”) power transistors, power and control hybrids, junction and power MOS field effect transistors (“Power MOSFETS”), and other related products. Most of the Company's products are custom made pursuant to contracts with customers whose end products are sold to the United States government. Other products, such as Joint Army/Navy (“JAN”) transistors, diodes, and Standard Military Drawings voltage regulators, are sold as standard or catalog items.  

Effective September 1, 2023, Solitron closed its acquisition of Micro Engineering Inc. (MEI) based in Apopka, Florida. MEI specializes in solving design layout and manufacturing challenges while maximizing efficiency and keeping flexibility to meet unique customer needs.  Since 1980 the MEI team has been dedicated to overcoming obstacles to provide cost efficient and rapid results.  MEI specializes in low to mid volume projects that require engineering dedication, quality systems and efficient manufacturing.

Forward-Looking Statements 

This press release contains forward-looking statements regarding future events and the future performance of Solitron Devices, Inc. that involve risks and uncertainties that could materially affect actual results, including statements regarding the Company’s  expectations regarding future performance and trends, including production levels, government spending, backlog and delivery timelines, new product development, our efforts and performance following our acquisition of MEI, and potential future revenue and trends with respect thereto from each of the foregoing.  Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to, the risks and uncertainties arising from potential adverse developments or changes in government budgetary spending and policy including with respect to the war in Ukraine, which may among other factors be affected by the possibility of reduced government spending on programs in which we participate, inflation, elevated interest rates, adverse trends in the economy and the possibility of a recession the likelihood of which appears to have increased based on recent economic data, the possibility that management’s estimates and assumptions regarding bookings, sales and other metrics prove to be incorrect; the timing and size of orders from our clients, our delivery schedules and our liquidity and cash position; our ability to make the appropriate adjustments to our cost structure; our ability to properly account for inventory in the future;  the demand for our products and potential loss of, or reduction of business from, substantial clients our dependence on government contracts, which are subject to termination, price renegotiations and regulatory compliance and which may among other factors be adversely affected by the factors described elsewhere herein, our ability to continue to integrate MEI in an efficient and effective manner, and the possibility that such  acquisition or any other acquisition or strategic transaction we may pursue does not yield the results or benefits desired or anticipated. Descriptions of other risk factors and uncertainties are contained in the Company’s Securities and Exchange Commission filings, including its most recent Annual Report on Form 10-K for the fiscal year ended February 28, 2026.  

Tim Eriksen 

Chief Executive Officer 

(561) 848-4311 

Corporate@solitrondevices.com 

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 92.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 10.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 13.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.1 KB